$PAXG/BTC 4h (Binance Spot) Adam and Eve double bottom

Paxos Gold is showing some clear reversal signs after regaining 50MA support and about to breakout of the neckline!
That gold-backed cryptocurrency is worth one fine troy ounce (t oz) of a 400 oz London Good Delivery gold bar, stored in Brink’s vaults.
The token is available on Ethereum & BSC, more information on paxos.com/paxgold

If you know how to Margin trade, you can lever that set-up respecting strick risk management

Current Price= 0.02891
Buy Entry= 0.02900 - 0.02846
Take Profit= 0.03045 | 0.03230 | 0.03402
Stop Loss= 0.02758

Risk/Reward= 1:1.5 | 1:3.1 | 1:4.6
Expected Profit= +5.99% | +12.43% | +18.41%
Possible Loss= -4.00%

Fib. Retracement= 0.382 | 0.559 | 0.702
Margin Leverage= 1x | 3x | 5x
Estimated Gain-time= 3 weeks

Trade attivo:

First entry filled

PaxosGold just regained 200MA support and is breaking out of the A&E neckline!

Trade attivo:

Second entry filled

PaxosGold dipped down to 50MA retest and is now trying to regain 200MA and break out after!

Trade chiuso: obiettivo raggiunto:

TP1 reached with +5.99% and +1.5R

PaxosGold broke-out as planned confirming the pattern, up to +53.10% using 5x Margin Leverage!
Road to higher targets now, SL edited to lowest entry (0.02846₿) which should be safe enough.

Commento:

$PAXG/BTC 1h

That bull-flag could play out for continuation!

Commento:

$PAXG/BTC 1h 📈

Insane accuracy so far, isn't it?!

Trade chiuso: obiettivo raggiunto:

TP2 reached with +12.43% and +3.1R

PaxosGold staying solid while Bitcoin is retracing down, up to +62.15% profit using 5x.
What a great crypto hedge, SL adjusted under highest entry (0.02899₿) to secure the trade!

Commento:

Contracts:
#ERC20 0x45804880de22913dafe09f4980848ece6ecbaf78
#BEP20 0x7950865a9140cb519342433146ed5b40c6f210f7

Trade chiuso: obiettivo raggiunto:

TP3 reached with +18.41% and +4.6R🎯

Paxos Gold pushed higher and broke-out of the descending channel hitting final target with up to +92.05% (5x)